--- title: Town raises $108M at a $1B valuation so AI assistants... description: San Francisco startup Town has raised $108 million in a Series B round led by Forerunner Ventures and Menlo Ventures, valuing the company at $1 billion. Town... canonical: https://daily.dev/posts/town-raises-108m-at-a-1b-valuation-so-ai-assistants-can-work-as-a-team-thcclmqkn twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Town raises $108M at a $1B valuation so AI assistants can work as a team | daily.dev og:description: San Francisco startup Town has raised $108 million in a Series B round led by Forerunner Ventures and Menlo Ventures, valuing the company at $1 billion. Town... og:url: https://daily.dev/posts/town-raises-108m-at-a-1b-valuation-so-ai-assistants-can-work-as-a-team-thcclmqkn og:image: https://api.daily.dev/og/posts/ThcclMQKN.png og:image:alt: Town raises $108M at a $1B valuation so AI assistants can work as a team og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Town raises $108M at a $1B valuation so AI assistants can work as a team **[The Next Web](https://daily.dev/sources/tnw)** · 3 min read · 0 upvotes · 0 comments ## Summary San Francisco startup Town has raised $108 million in a Series B round led by Forerunner Ventures and Menlo Ventures, valuing the company at $1 billion. Town gives each employee an AI work assistant called a Townie that connects to email, documents, and calendar, and is now extending these assistants so they can collaborate across entire teams, handing off work and sharing workflows. The company says customers retain ownership of their data and Town does not use connected data to train models by default. Since launching publicly in June 2026 with a $55 million Series A, Town says paying customers have grown fourfold and paying teams ninefold. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much funding did Town raise in its Series B round and at what valuation? Town raised $108 million in a Series B round at a $1 billion valuation. Forerunner Ventures and Menlo Ventures co-led the round, with existing investors a16z and First Round Capital participating alongside Better Tomorrow Ventures, Precedent.vc, Scribble Ventures, Serena Ventures, and Sparked Ventures. The round follows a $55 million Series A from June 2026. _daily.dev readers tracking startup funding trends can follow how AI assistant platforms like Town scale._ ### What is Town's AI work assistant and how does it work across teams? Town's AI work assistant, called a Townie, connects to each employee's email, documents, calendar, and core work systems, learning their relationships, projects, and voice. Townies can now ask each other questions, hand off work, and share workflow updates across a team, while only sharing what their person would share and asking permission when needed. _developers building or evaluating AI agent collaboration features can compare approaches like Town's on daily.dev._ ## Similar posts on daily.dev - [Viral AI agent Instinct raises $1B Series C at a $10B valuation](https://daily.dev/posts/viral-ai-agent-instinct-raises-1b-series-c-at-a-10b-valuation-az1dhmmsh) · TechCrunch · 0 upvotes · 0 comments - [Robot software startup FieldAI is set to raise $700M at a $10B valuation](https://daily.dev/posts/robot-software-startup-fieldai-is-set-to-raise-700m-at-a-10b-valuation-l8ujkwngm) · The Next Web · 1 upvotes · 0 comments - [Sierra raises $950M as the race to own enterprise AI gets serious](https://daily.dev/posts/sierra-raises-950m-as-the-race-to-own-enterprise-ai-gets-serious-prttjiwaq) · TechCrunch · 1 upvotes · 0 comments --- Tags: [#ai-agents](https://daily.dev/tags/ai-agents), [#future-of-work](https://daily.dev/tags/future-of-work) [View this post on daily.dev](https://daily.dev/posts/town-raises-108m-at-a-1b-valuation-so-ai-assistants-can-work-as-a-team-thcclmqkn) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Town raises $108M at a $1B valuation so AI assistants can work as a team","url":"https://daily.dev/posts/town-raises-108m-at-a-1b-valuation-so-ai-assistants-can-work-as-a-team-thcclmqkn","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/town-raises-108m-at-a-1b-valuation-so-ai-assistants-can-work-as-a-team-thcclmqkn"},"datePublished":"2026-10-19T14:39:36.658Z","dateModified":"2026-10-19T18:04:01.777Z","description":"San Francisco startup Town has raised $108 million in a Series B round led by Forerunner Ventures and Menlo Ventures, valuing the company at $1 billion. 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Townies can now ask each other questions, hand off work, and share workflow updates across a team, while only sharing what their person would share and asking permission when needed. developers building or evaluating AI agent collaboration features can compare approaches like Town's on daily.dev."}}]} ```